Latest mortgage news - Re-mortgage Buyer
Remortgaging rises as Londoners benefit from low rates to find best deals
The competitive marketplace and low interest rates is helping remortgage buyers in London find the best deals to keep repayment costs down.
Popularity of flats increase prices by £75,000 over the last five years
The average price for a flat has increased by £75,074 in just five years and rising faster than any other property type in the country.
Remortgage buyers at nine year high as borrowers lock into attractive deals
Homeowners remortgaging has reached the highest number since 2008 as they securing mortgage deals before a rise in interest rates.
London remortgage buyers at eight year high as mortgages rates fall
The number of remortgage buyers in the capital has reached an eight year high in 2017 driven by competitive mortgage rates.
Remortgage buyers at record levels helped by low rates for loans
The number of remortgage buyers and value of borrowing have reached record levels helped by record low interest rates.
First time buyers face higher costs with mortgage rate rise expected
The cost of a fixed rate mortgage has increased for first time buyers and the Bank of England is expected to raise base rates next month.
Borrowing by home movers increases 20% by value in the last year
Homeowners showed resilience with borrowings from home movers rising to £8.4 billion up 20% compared to August last year.
Remortgage buyer activity soars as mortgage rates reach all time low
The number of remortgage buyers surge 12% taking advantage of record low mortgage rates to reduce the cost of repayments.
Home buyers in London down 18% compared to a year ago
For the second quarter in a row the number of home buyers are lower in London due to restricted supply and affordability.
Mortgage rates reach new lows as availability to borrowers rises
The mortgage market has seen a rise in the number of products on offer giving homeowners more choice as rates reach new lows.
Strong home buying activity increases 6% by value in the last month
Home buyers start the year strongly with mortgage lending of £8.9 billion in February which is an increase of 7% over the month.
Homeowners earn more from property than jobs in a third of UK areas
House prices outpace homeowner earnings in 119 local areas over past two years with majority located in the southern England.
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Equity Release may involve a Lifetime Mortgage or a Home Reversion Scheme. To understand the features and risks, please ask for a personalised illustration. Equity Release may affect your entitlement to means tested state benefits and will impact on the size of your estate. For Equity Release London City Mortgages charge a fixed fee upon completion of £695. For Mortgages a fixed fee is charged on application. Typically this is from £295 up to £495 for the services selected.
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